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French financial conglomerate Societe Generale stops working in Russia because of the war against Ukraine, European Pravda reports..
In addition to curtailing banking and investment activities, Societe Generale said it was selling its entire stake in the Russian bank Rosbank. The statement said that the exit will take place in the coming weeks after regulatory approval..
Societe Generale is leaving after many other Western banks, businesses and brands that have severed ties with Russia due to aggression against Ukraine.
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In connection with the full-scale war unleashed against Ukraine, dozens of world brands left the aggressor's business space or suspended their activities there. These are, in particular, automotive giants Ford. General Motors, Toyota, Volkswagen, Nissan.
American Boeing and European Airbus also suspended support for Russian airlines.. Gone are the leading tech, oil and giants.